Fund Evaluator:

Fidelity Series Opportunistic Insights Overview

Fidelity Series Opportunistic Insights (FVWSX) is an actively managed U.S. Equity Large Growth fund. Fidelity Investments launched the fund in 2012.

The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It invests in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both.

About Fidelity Series Opportunistic Insights (FVWSX)

There are 3 members of the management team with an average tenure of 5.42 years: Matthew Drukker (2025), Nidhi Gupta (2025), William Danoff (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. Fidelity Series Opportunistic Insights has 460 securities in its portfolio. The top 10 holdings constitute 42.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Fidelity Series Opportunistic Insights is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Series Opportunistic Insights has 10.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 79.4%. There is 10.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Series Opportunistic Insights has 3.3% of the portfolio in cash.

Assets Under Management

The fund has $14 billion in total assets, which is above the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FVWSX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Series Opportunistic Insights expense ratio is low compared to funds in the Large Growth category. Fidelity Series Opportunistic Insights has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Series Opportunistic Insights has a portfolio turnover rate of 49%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of July 2026, Fidelity Series Opportunistic Insights returned -4.1%, which earned it a grade of D, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Fidelity Series Opportunistic Insights has a trailing yield of 0.60%, which is above the 0.06% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Fidelity Series Opportunistic Insights Grades

Year to date, the fund has returned 7.0%, 3.3 percentage points better than the category, which translates into a grade of B. The fund has returned 14.1% over the past year (grade of A), 24.5% over the past three years (grade of A) and 13.7% per year over the past five years (grade of A) and 17.2% per year over the past 10 years (grade of A).

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